^^^ means US$ is toast as world reserve currency, probably got less than 5 years left now, maybe just a couple
Empires die slowly at first, then all at once. Plan accordingly.
I disagree, but only somewhat.
There are uncanny parallels with Rome, though.
~450-470 years of the Republic, followed by ~450-500 years of the Empire: ~200 years of imperial ascendancy and 250-300 years of decline.
Some might argue that US became kind of like a "limited' empire somewhere after WWII.
We had maybe 1776-1945 (169 years) of the republic and 76 years as a 'limited' empire.
Roman empire started to decline at approx 50% of time spent as a republic and declined for almost as long.
If drawing direct analogies, US might start to decline about now (maybe Afganistan is a marker of sorts) and continue for another 70-80 years.
Not 5 or a couple!
I expect the process to be slow, and i would welcome it to be slow because we all know what happened after Rome collapsed: 900-1000 years of 'dark ages'.
EDIT: BTw, here is a very important opinion piece (about bitcoin, laws, innovation, etc) from Niall Ferguson, which many conservatives and even moderates listen to:
https://www.bloomberg.com/opinion/articles/2021-08-15/niall-ferguson-nixon-the-gold-standard-and-a-bitcoin-bonanzaIf we have learned nothing else from the past half-century, it is surely that the best way to win a race with totalitarian rivals is not to copy them, but to out-innovate them. Make the wrong decision at this historic turning point, and we shall be interrupting a much bigger bonanza than Nixon did.
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